New Delhi

CIL Board looks into third party sampling mechanism

Coal IndiaNew Delhi: The board of state-run Coal India (CIL) is looking into the quality issue, amid Power Ministry alleging that stones and boulders are still present in the fuel being supplied to power plants even after introduction of a third-party sampling mechanism.

Finance Minister Arun Jaitley during his budget speech last week had said that stringent mechanism for quality control of coal were being put in place.

"During CIL board meeting, the issue of third party sampling mechanism for coal quality was discussed," a source close to the development said.

Rise in tomato prices leaves consumers exasperated

Rise in tomato prices leaves consumers exasperatedNew Delhi, July 13 - With onion prices hitting the roof at around Rs 50 per kilo, consumers in the city are exasperated and hoping that the government reins in the soaring cost.

Shoumik Guha, a consumer, told ANI, "Rates have increased because of multiple factors. However, the government should try to control the prices. Retail outlets must be even more costly as the rates in wholesale are already so high. They should attack the hoarding so that price hike should not be severe."

City doctors remove 'largest' salivary gland tumor

salivary gland tumorNew Delhi: Doctors at the city-based Lok Nayak Hospital have removed a 420 gram salivary gland tumor, and claimed it was the largest of its kind extracted so far.

"So far, the largest tumor reported in medical literature weighed only 87.3 grams. The tumor we removed is seven times bigger in cuboid volume and weighs 420 gms," said Dr Vikas Malhotra, associate professor of ENT and head of neck surgery at Maulana Azad Medical College.

ENT surgeons at Lok Nayak Hospital, who operated on the 28-year-old patient last month and removed the tumor, now plan to get it published in medical journals.

More tax concessions when economy improves: Finance Minister

Arun-JaitleyNew Delhi: Finance Minister Arun Jaitley today promised more concessions in income tax when the economy improves. "We do not want a high taxation regime. It was because of the high taxation regime of the previous government that inflation rose.

"I think there was never a Union Budget since 1947, which gave relief up to Rs 50,000 across all three classes of tax payers -- right from lower to the middle and higher income brackets," he told a news channel, according to a release issued by the channel.

Modi to leave on Sunday for VIth BRICS Summit in Brazil

Narendra-ModiNew Delhi, July 12 : Prime Minister Narendra Modi will leave on July 13 on a four-day visit of Brazil, where he is scheduled to take part in the VIth BRICS Summit.

The summit, which will be the Indian Prime Minister's first multilateral interaction abroad, will held in Fortaleza and Brasilia from July 14 to 16.

During his visit, Modi will be interacting with the heads of Brazil, China, Russia and South Africa. He is also scheduled to have important bilateral meetings with Chinese President Xi Jinping and Russian President Vladimir Putin on July 14.

Congress manipulating to get LoP post in Lok Sabha: Naqvi

Mukhtar-Abbas-NaqviNew Delhi, July 12 : Bharatiya Janata Party (BJP) leader Mukhtar Abbas Naqvi on Saturday accused the Congress of trying to secure the post of Leader of Opposition in the Lok Sabha through manipulation.

"The condition of the Congress, and the embarrassment it has caused them, has made them mad. They ran the government through a lot of fixes and manipulation, and now they want to get the LoP post in a similar way," said Naqvi.

Rise in industrial production provides glimmer of hope: CII

CII Chandrajit BanerjeeNew Delhi, July 12 - Commenting on IIP figures released for May 2014-25, Chandrajit Banerjee, Director General, CII said that the rise in industrial production for the second month in a row provides a glimmer of hope that the economy could be bottoming out and recovery could be on the anvil.

He further said in a statement that the favourable base effect of last year and the double digit export growth experienced during the month could have also contributed in boosting industrial activity during the month, but the overall trend is positive.

'SBI, PNB likely to tap capital market this year'

G-S-SandhuNew Delhi: Public sector SBI and PNB could be among the first banks to tap capital market this financial year to raise funds to meet global risk norms Basel III, a top finance ministry official said here Friday.

Financial Services Secretary G S Sandhu also said no final decision has been taken yet.

"Which banks will go first, that we have to work out. We have asked all banks to submit their capital requirement plans. They have given their proposal and we are giving final touch to them. The schedule will be worked out soon," he added.

Air India formally becomes 27th member of Star Alliance

Air-IndiaNew Delhi: Air India on Friday formally became the 27th member of Star Alliance, opening up its domestic network in the fifth largest aviation market to the global airlines grouping's passengers the world over.

Air India would add about 400 daily flights and over 40 new destinations in India to the 27-member Alliance network of over 18,500 daily flights to 1,316 airports in 195 countries.

With Air India joining it, the Alliance's market share in India grows to 30 percent, posing a challenge especially to Gulf carriers in particular which take away a considerable number of Indian passengers to Europe and North America.

India's industrial output growth at 19-month high of 4.7% in May

industrial-outputNew Delhi: Showing signs of recovery, industrial production grew at 19-month high of 4.7 percent in May due to improved performance of manufacturing, mining and power sectors and higher output of capital goods.

The output, as measured by the Index of Industrial Production (IIP), had contracted by 2.5 percent in the same month of last year.

IIP data for April remained unchanged at 3.4 percent after revision of the provisional estimates released last month, according to the information released by the Central Statistics Office (CSO).

The IIP's previous high was recorded in October 2012 at 8.4 percent.

Tata Motors global sales down 10.4% in June

Tata-MotorsNew Delhi: Tata Motors on Friday reported a 10.46 percent decline in global sales, including that of Jaguar Land Rover (JLR), to 75,623 units in June.

The company had sold 84,458 units in the same month last year.

In the passenger vehicles category, the global sales last month were at 44,239 units, as against 42,881 units in June 2013, up 3.16 percent, Tata Motors said in a statement.

Sales of luxury brand Jaguar Land Rover rose 17.96 per cent to 36,021 units in June, compared to 30,536 units in the same month last year.

HTC launches 'hero product' Desire 616 in India

HTC launches 'hero product' Desire 616 in IndiaNew Delhi, July 11 : HTC has unveiled its latest dual-sim smartphone 'HTC Desire 616' in New Delhi.

Speaking at the launch, President of HTC South Asia, Jack Yang, said, "Everyone looks for a combination that offers exciting performance phone at a great value. HTC Desire 616 dual sim is that very phone".

"The newest member of our renowned HTC Desire range offers our first Octa-core processor, 8-cores of super-fast processing and premium features at a great price, offering users the best possible experience in the category, he added.

Nude scenes were like therapy, says Scar Jo

Scarlett-JohanssonNew Delhi, July 11 : Scarlett Johansson has revealed that she finds naked scenes therapeutic as it not only helped her discover her body but also face her fears.

Speaking about her nude scenes in her upcoming film ' Lucy', the star said, "I'm not a nudist in my everyday life and it wasn't a thrill for me to undress in front of the camera. But in some ways it was like therapy because I had to recognize the things I was feeling self-conscious about and then let go of them".

HTC launches 'power-packed performer' One E8 in India

HTC-One-E8New Delhi, July 11 : HTC has unveiled its latest lightweight dual-curve device ' HTC One E8' in New Delhi.

Speaking at the launch, President of HTC South Asia, Jack Yang, said, "The HTC One (M8) had set a new smartphone standard and now we're taking it in another exciting direction. Combining style with substance, the new device represents the incredible experience people expect from a HTC One device with a look and feel that's unlike anything else out there today".

Shraddha Kapoor offers prayers at Siddhivinayak temple in Mumbai

Shraddha-KapoorNew Delhi, July 11 : Shraddha Kapoor was spotted offering prayers and seeking blessings at Siddhivinayak temple in Mumbai recently.

Kapoor, who has been riding high on the success of her latest release 'Ek Villain', was seen wearing traditional clothes when she visited the famous temple.

The 'Aashiqui 2' star will be next seen in 'Haider', opposite Shahid Kapoor. (ANI)

Manish Tewari blames BJP for Nagaland Governor's resignation

Manish-TewariNew Delhi, July 11 : Congress Party leader Manish Tewari said that the Bhartiya Janta Party is underscoring their undemocratic spirits by the manner in which they are treating governors.

Manish Tewari told ANI, "The manner in which governors are being arm twisted by the Bhartiya Janata Party only underscores their undemocratic spirit."

Madhur Bhandarkar, Raza Murad pay tributes to Zohra Sehgal

Madhur Bhandarkar, Raza Murad pay tributes to Zohra SehgalNew Delhi, July 11 - Bollywood yesteryears' actor Raza Murad and filmmaker Madhur Bhandarkar paid their condolence to the veteran actress and former dancer Zohra Sehgal , who passed away on Thursday at a hospital in New Delhi.

National award-winning filmmaker Madhur Bhandarkar said, "It is a big loss. She started her career in 1935 and has made a huge contribution in the film industry."

Branded petrol price cut by over Rs 5/litre

PetrolNew Delhi: Price of branded or premium petrol was on Thursday cut by over Rs 5 per litre after Finance Minister Arun Jaitley slashed excise duty on the fuel.

Central Excise duty on Branded Petrol was cut from Rs 7.50 per litre to Rs 2.35 per litre.

Branded petrol, which contains special performance enhancing additives, attracted higher duties than normal petrol.

The differential excise duty led to huge difference in price of normal and branded fuel, resulting in sales of the premium version dropping to almost nil.

The removal of excise duty would bring the two fuel at par.

Budget 2014: More funds for war memorial and national police memorial

Arun-JaitleyNew Delhi, July 10 : Announcing the setting-up of a war memorial at Princes Park, New Delhi, Union Finance Minister Arun Jaitley said that it will be supplemented by a war museum.

Making this announcement while presenting his first budget in the Lok Sabha today, the Minister allocated a sum of Rs 100 crore for the projects.

Jaitley said that country is deeply indebted to the officers and the jawans of the armed forces for having made huge sacrifices to defend its honour. In doing so, a very large number of them gave up their lives. He said "It is a privilege for the nation to erect a befitting memorial in their memory".

Budget strong, reflects new government's philosophy: Naina Lal Kidwai

Naina-Lal-KidwaiNew Delhi, July 10 : Naina Lal Kidwai, Country Head of HSBC India, on Thursday described the budget presented by Finance Minister Arun Jaitley as 'balanced' and 'strong', and said that it reflects the philosophy of the new government.

"I believe it is a very balanced budget, a strong budget, as it reflects the philosophy of the new government," said Kidwai.

"What we have is a budget which is touching many areas. There is a lot of focus on rationalizing and simplifying. In fact many requests of the FICCI have been taken on board, particularly to do with Tax Dispute Resolution," she added.


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